USDJPY technical analysis for July 19, 2023
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_________________ CHAPTERS _________________
0:00 Intro
0:08 USDJPY Analysis
2:05 Join Our Trading Group
3:00 DXY Analysis
5:55 USDJPY Trade Idea
USDJPY slammed into resistance today at 140.00.
That’s the March trend line that it broke below last week.
However, trading USDJPY is tricky at the moment, given the significance of the 138.00 level.
Shorting the pair while above 138.00 is difficult, but a sustained break below the area would open up lower levels.
Alternatively, a sustained break above 140.00 would be bullish toward 142.30.
*None of this is meant to be construed as investment advice, it’s for entertainment purposes only. Links above include affiliate commission or referrals. I’m part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.
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